The firm raised $5.3 billion in new capital commitments across two funds.
The city is looking for a firm to assist with investing funds.
The plan made a hire this week following finalist interviews held over the last two months.
Parthenon Capital closed its seventh fund with more than $4.5 billion in commitments.
The plan approved commitments of $30 million each to real estate and private equity funds at today’s meeting.
The district rehired its incumbent to provide third-party administrator services.
The plan is seeking both active and passive managers to handle up to $10 million.
The firm exceeded its $3 billion target for the fund.
The authority rehired its incumbent investment advisor at a meeting this month.
The firm added a managing director and senior relationship manager to the group.